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Cajun Inc. provided the following information: April May June Projected merchandise purchases $92,000 $80,000 $66,000 Cajun pays 40% of merchandise purchases in the month purchased
Cajun Inc. provided the following information: April May June Projected merchandise purchases $92,000 $80,000 $66,000 Cajun pays 40% of merchandise purchases in the month purchased and 60% in the following month. General operating expenses are budgeted to be $31,000 per month of which depreciation is $3,000 of this amount. Cajun pays operating expenses in the month incurred. Cajun makes loan payments of $4,000 per month of which $450 is interest and the remainder is principal. Instructions Calculate budgeted cash disbursements for May.
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